ZF English

First good sign for brewers after summer has passed

02.12.2009, 20:56 4

Sales of beer, the second-largest market in the consumer goodsindustry after the cigarettes market, fell by 7.5% in Septembercompared with the similar time last year, according to ZF estimatesbased on data from the National Statistics Institute (INS). This isthe first sign of recovery recorded in the beer industry, after theshock dealt to producers in the summer, when sales declined by upto 25% at market level. Due to the results recorded in the summer,beer sales fell by over 18% in the third quarter of the year, withmanagers of the largest companies in the industry keeping frommaking estimates on the performance of the beer market at the endof 2009. "Under the current economic conditions it is difficult togive an accurate estimate," said Stephan Maria Weber, chairman ofUrsus Breweries, a company with an over 325 million-euro turnoverlast year.

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